How Can I Borrow?
Last updated
Last updated
To borrow, you first need to deposit an asset and designate it as collateral. Select 'Use as collateral' next to your desired deposit and confirm the action with your wallet signature.
Once completed, head to the "Borrow Market" section, choose the asset you wish to borrow, and click "Borrow".
Enter the desired borrowing amount and confirm the transaction with your wallet signature.
The borrowed funds will be transferred to your wallet. You can view your loans under 'Your Debt Positions'.
Notice that your has changed after you took out a loan. This is a key indicator of the safety of your loan. Never let it drop below 1!
